Question to the HM Treasury:

To ask His Majesty's Government whether they are considering ending the role of the Bank of England in setting interest rates.

Monetary policy is the responsibility of the Monetary Policy Committee (MPC) at the Bank of England. Operationally independent monetary policy is a vital part of the government’s macroeconomic policy framework, supporting the UK’s resilience to risks and reflecting best practice across the world and all G7 countries. The government is fully committed to the operational independence of the MPC.